Victory Energy Corporation provided a drilling operations update on key properties for Aurora Energy Partners which the Company manages and in which it owns a 50 percent interest.

Three new wells have been placed on production since the beginning of the year: Cotter #1 (Lightnin'), Morgan #1 and University 7 #1 (Bootleg Canyon). Since April 1, cumulative daily production from these three wells has averaged a net 16 barrels of oil equivalent (BOE) per day (75% oil) to Aurora's interest.

The Company estimates total current net daily production to be 48.7 BOE per day, representing a 49% increase over the average daily production for 2012. Two additional wells on the Uno-Mas property, Hickory 14 State #1 and Milan 12 State #1 have been successfully drilled and completed. These wells are currently being brought into production.

Tags: Victory Energy Corporation